A penny stock surged 5% to Rs 16.67, hitting the upper circuit for the eighth\ straight session on August 28, 2025. The penny stock, trading under Rs 20, rallied amid plans to raise up to Rs 650 crore, boosting investor confidence.’
a small-cap penny stock trading below Rs 16, locked at the upper circuit for the seventh consecutive session on August 28, 2025. Shares jumped nearly 5% amid strong buying, driven by the company’s ambitious fundraising moves and an upcoming key meeting.
Why this penny stock Are Rallying Non-Stop
The stock has climbed abouzt 22% in the last five trading sessions, rebounding from its 52-week low of Rs 11.31 hit on August 14. Despite a 40% drop over the past six months, the recent surge has pushed it toward its 52-week high of Rs 50.45. This momentum comes as investors react positively to corporate updates.
Promoters bought 65,00,000 shares & FIIs bought 4,24,488 shares.
Osia Hyper Retail announced board approval to increase its authorized share capital to Rs 500 crore. The company plans to raise funds through multiple channels: up to Rs 200 crore via Qualified Institutional Placement (QIP), Rs 100 crore through preferential allotment of equity shares, and Rs 350 crore via convertible warrants. These steps aim to fuel growth in its retail operations.
Upcoming Extraordinary General Meeting on September 22
Adding to the excitement, Osia Hyper Retail scheduled an Extraordinary General Meeting (EGM) for September 22, 2025, at its registered office in Ahmedabad, Gujarat. The meeting will discuss these fundraising proposals, potentially paving the way for expansion.
The company operates in the hypermarket sector, with a focus on retail chains. This fundraising could support store growth, inventory, or tech upgrades, making it attractive for penny stock traders seeking quick gains.
Recent Company Changes and Market Performance
In other news, the company informed stock exchanges about the resignation of Abhishek Chhajed, partner at SCS & Company LLP, from his role as secretarial auditor effective August 20, 2025. This internal change hasn’t dampened investor enthusiasm so far.
Over the longer term, the stock’s volatility highlights penny stock risks, including sharp drops. However, the current upper circuit streak signals strong short-term interest.
What Investors Should Watch
Keep an eye on the EGM outcomes and BSE filings for fundraising details. Penny stocks like Osia Hyper Retail offer high-reward potential but come with liquidity and market risks. Always research thoroughly or consult experts before investing.
